rissas dad: "I wonder if getting all these guys could be a genuine hold up for currency reform. it would sure make sense to wait" starting to feel this way too Schiz. The sespool is so deep its taking awhile to empty it.
TLAR: It is amazing to me to see Barzini second on this list. I might have thought he would be number one. All these guys were broke when the "new" Iraq came into being.
This follows what I said the other day. "people that live in glass houses usually won't cast stones", but in this case they are attempting to throw stones without hitting themselves.
Take a look at the list again. Many on this list are part of the group now championing the corruption free Iraq. I guess they feel that they have enough and can now point fingers at the new corruptors.
What this list does not show is the 1000's of lessor knowns that also were stealing. The 1000's of new multi-millionairs (lessor government officials) that were created during the same period.
Tlar Continues: The US created this mess by sending planes loaded with pallets of 100 dollar bills to Iraq with virtually no accounting. They did this with good intentions in order to juice Iraq after the fall of Saddam, to keep it as intact as possible and to not impload.
I just wonder how many whores they would create here in the US if they were to do here what they did in Iraq. So what we are seeing is the rooting out of the "bad guys" who stole while attempting keeping the good guys who stole, as long as they are doing the right things for Iraq at this time and were solidly on the side to remove Maliki. Surgical for sure.
rissas dad, IMO none of this changes anything as far as timing on monetary policy goes. With the laws in existance today, the system has become much more transparent and even toward the end of the Maliki government, it was becoming much harder to steal and certainly harder to get the money out of the country.
Many countries around the middle east have declared a few years back that they would not allow any government official from Iraq deposite large amounts of personal funds in their banks anymore because they knew Iraq was being looted. Qatar led this charge.
The looting of Iraq is basically over and they will be chasing these funds for years to come. So it is my opinion it has no bearing on monetary change nor will it slow down the process.
Deals might be made with guys like Mutlag and Barzini et al. behind closed doors, but many lessor officials will face prosecution as Iraq will go after them and their possessions. tlar
HandOverFist I agree with you, Tlar. Deals will be made. I don't see Barzani, Hakim, Sadr, etc. going to jail. I am concerned, however, that this will hold up the RV we are all waiting for. I can't see an RV happening with all those billions in money belonging to Iraq, in the hands of a few.
Street wrote: And here is your answer on why Maliki has not been arrested on corruption charges… these 17 political personalities have a combined 301 billion in net worth in a country like Iraq.. these people went from rags to extreme riches while in office in Iraq.
They are all guilty of financial corruption and the only way to get rid of Maliki is through court actions of genocide because any files that he has on anyone including persons in our own USA will not be permitted to come out in that type of court proceeding..
I’m betting that once he is arrested he will suffer a massive heart attack and die.. not trial no information released..
Also I just read a report today that the integrity office has issued arrest for 166 persons on financial corruption & that 23 bank offices in Iraq are being charged with money laundering in Iraq . ~Street
Street wrote: I guess we don’t have to be told why the thieves are trying to get out. This is also why Abadi cancelled all of those diplomatic passports that Maliki had given out. Abadi wants & needs the monies back & he is going to get it.. More importantly this tells me that Maliki is powerless to stop the arrest ~Street
Skylimit rd, there is no hold up on monetary reform from Iraq at this time. They need revenue from increased taxes, tariffs, bond issuance, licenses, etc. Without an internationally tradeable currency they can't do these things.
Rockstar: Absolutely agree Skylimit...and HOF keep in mind the billions stolen I believe are in US dollars not dinars so increasing the value would not make any difference they will be chasing down all that stolen money for quite some time I would guess, I really don't believe this is a reason for delay IMO.
Livefree: Street wrote: "... I’m betting that once he is arrested he will suffer a massive heart attack and die.. not trial no information released.. ". That may be the story they feed the world but wasn't it Bernie Madoff who had a heart attack right before his trial? (or some other embezzler) and didn't Hitler supposedly commit suicide?
I believe none of it, it's plastic surgery and off to South America under an assumed name to live out there lives in privacy and lots and lots of wealth... it's the good ol' boys club where they all take care of each other. Nothing new about it, it's a blue print they've followed for years.
DreamWeaver: Not sure we should assume Abadi's sqeaky clean just because he's not in top 17--but at least he's running with the power he has been granted in a positive way that will benefit all of Iraq.
I hope Abadi is clean, but how could he be in a country as corrupt as Iraq. It is despicable that many, if not all, of these billionaires got their money by stalling forward progress of Iraq, causing horrid living conditions, suffering, and death. If not for them, how different it all could have been.
Don't think they should skate, but have serious doubts anything will be done. Cripes, they can't even get Maliki to turn over the palace or the plane. Maybe if they said, "pretty please, Nuri" it would make a difference. C'mon ... why are they waiting for him to turn anything over. Just go and GET IT.
G-Lin: I find it interesting that Forbes doesn't show any of the above on Billionaires list. ummmmm and their list is world wide... BTW there are over 1600.
DreamWeaver : So, maybe they are not USD billionaires, but Iraqi dinar billionaires?
Livefree: That's the first thing I double checked DW, but it reads as dollars.
G-Lin: It is a world wide list. Some on there from Saudi and other countries.
Post below by Flyboy is being referenced in discussion above brought from today's earlier post -- LINK to earlier post Tlar & Friends HERE
Flyboy: Mike...I don't think all these folks cry poor mouth...
Report reveals the richest 17 political figure in Iraq ... the whole of the oil money.
Nuri Kamal al-Maliki .. $ 50 billion, in cash .. and immovable property in the form of real estate .. Form revealed receivables, say, half a billion dollars ..
Massoud Barzani .. .. $ 48 billion, bonds, real estate and stakes in companies, in Switzerland, Germany and Italy .. not detect discharged never ..
Osama Najafi .. .. $ 44 billion shares and real estate group in Turkey, Saudi Arabia and United Arab Emirates .. and farms and breeding Arabian horses, and a partner in the coefficient of productivity ..
Ayad Allawi .. $ 35 billion .. apartments in the inner rotor in Jordan, and the British, construction companies, small production plants ..
Ammar al-Hakim .. .. $ 33 billion assets and investments in oil companies and Real Estate in Iran, Beirut, London and the United Arab Emirates, Kuwait and Saudi Arabia
Muqtada al-Sadr .. .. $ 25 billion assets and investments, and real estate in Beirut, Iran, Kuwait, Saudi Arabia and the United Arab Emirates and Turkey
Jalal Talabani .. .. $ 16 billion and real estate in the form of hotels, palaces, and an apartment in Turkey, the other in America, registered in the name of his son ..
Hussain al-Shahristani .. .. $ 15 billion oil investments and real estate in London, Lebanon, United Arab Emirates
Hiro, Talabani's wife .. .. 9 billion dollars and the value of gold coins, and stocks and bonds, and palaces in the city of Sulaymaniyah and Erbil ..
Abbas al-Bayati .. $ 11 billion .. contracting company, and stocks and bonds in Turkey .. benefited from al-Maliki, in several fictitious trades ..
Bahaa al .. .. $ 10 billion and immovable property in the form of, Apartments And luxury homes, and gold coins, worth millions of dollars, and Contracting Company
In the United Arab Emirates ..
Ahmed Karbouli .. 9 billion dollars .. investments and assets in Jordan, Beirut and America
Saleh al-Mutlaq .. .. $ 8 billion in investments and assets and properties and farms in Turkey, Saudi Arabia, Jordan and Beirut
Hasan al .. .. $ 8 billion of cash and property in Lebanon .. and profit from Many trades, when he was a member of the parliamentary defense and security ..
Saadoun al-Dulaimi, Farhan .. $ 4 billion .. modern palaces, and apartments in Jordan And Saudi Arabia and the UAE arms dealer from the first-class, enterprise companies in Riyadh Oman ..
Adnan al-Asadi .. .. $ 3 billion bonds and equities and real estate in Denmark and the UK .. sparked rare gold coins .. and has a modern company ..
Adel Abdul-Mahdi .. 3 billion and a half billion dollars .. cash and luxury apartment in the Paris suburbs LINK